Account Value. The "Account Value" is the sum of the policyholders' interests in the Cedent's separate accounts, as defined in the Policies, before reductions for surrender charges.
Account Value. The term “Account Value” is defined as the policy value determined in accordance with the terms of the Annuities.
Account Value. The Account Value of this Contract is equal to the sum of the values of each Crediting Strategy, plus the value of the Purchase Payment Account, if any.
Account Value. The term "Account Value," as used in this Agreement, means the contract value determined in accordance with the terms of the Annuities.
Account Value. Account Value in the Sub-accounts: We determine your Account Value separately for each Sub-account. To determine the Account Value in each Sub-account, we multiply the Unit Price, as of the Valuation Day for which the calculation is being made, by the number of Units attributable to your Annuity in that Sub-account as of that Valuation Day.
Account Value. We measure the amounts in the Sub-Accounts in terms of Units and Unit Values. On any given date, the amount You have in a Sub-Account is equal to the Unit Value multiplied by the number of Units credited to You in that Sub-Account. Amounts allocated to a Sub-Account will be used to purchase Units of that Sub-Account. Units are redeemed when You make Partial Surrenders, undertake Policy loans or transfer amounts from a Sub-Account, and for payment of the mortality and expense risk charge, the Monthly Expense Charge, the Monthly Face Amount Charge, and the Monthly Cost of Insurance charge. The number of Units of each Sub-Account purchased or redeemed is determined by dividing the dollar amount of the transaction by the Unit Value for the Sub-Account. The Unit Value for each Sub-Account is established by Us for the first Valuation Date. The Unit Value for any subsequent Valuation Date is equal to the Unit Value for the preceding Valuation Date multiplied by the Net Investment Factor (determined as provided below). The Unit Value of a Sub-Account for any Valuation Date is determined as of the close of the Valuation Period ending on that Valuation Date. Transactions are processed on the date We receive a Premium at Our Principal Office or any acceptable request is received at Our Principal Office. If Your Premium or request is received on a date that is not a Valuation Date, or after the close of the New York Stock Exchange on a Valuation Date, the transaction will be processed on the next subsequent Valuation Date. The Account Value for Investment Options on the Investment Start Date equals: · that portion of Net Premium received and allocated to Investment Options, less · the Monthly Expense Charges due on the Issue Date and subsequent Monthly Anniversary Days through the Investment Start Date, less · the Monthly Face Amount Charges due on the Issue Date and subsequent Monthly Anniversary Days through the Investment Start Date, less · the Monthly Cost of Insurance deductions due from the Issue Date through the Investment Start Date. The Account Value for Investment Options on subsequent Valuation Dates is equal to: · the Account Value attributable to each Sub-Account on the preceding Valuation Date multiplied by that Sub-Account’s Net Investment Factor, less the Daily Risk Percentage multiplied by the number of days in the Valuation Period multiplied by the Account Value in the Sub-Account, plus · the value of the Fixed Account on the preceding Valuation Date...
Account Value. Value held under this Contract. The value may be maintained in either the Fixed Account, the Variable Account or both, depending on allocations.
Account Value. As of the most recent Valuation Date, the Account Value is equal to the total of the Purchase Payment(s) made to the Account;
(a) Plus or minus the investment experience for the amount, if any, allocated to one or more of the Subaccounts (b) Plus interest added to the amount, if any, allocated to the Fixed Account; (c) Plus any additional amount deposited to the Account (SEE SECTION IV - OPTION PACKAGES); (d) Less the amount of any Maintenance Fee deducted; (e) Less any additional fee(s), charges, or taxes, if applicable, deducted; (f) Less any amount(s) withdrawn; and (g) Less any amount(s) applied to an Annuity Payout Option.
Account Value. The Account Value plus or minus the aggregate Market Value Adjustment (MVA), if applicable, for the amount(s) allocated to the Fixed Account (SEE SECTION III - MARKET VALUE ADJUSTMENT).
Account Value. Account value is calculated as: The Regular premiums less
a) premium charge on the first year Regular premium; and
b) partial withdrawal amount and partial withdrawal charges (if any) plus accumulated interest. Any interest will be credited into the Account value at the end of each Policy month.
